Moody's negative on Trilogy

Moody's Investors Service said it affirmed Trilogy International Partners LLC's B3 corporate family rating and changed the outlook to negative from stable.

Moody's said that Trilogy's B3 corporate family rating is based on its wireless operations in Bolivia, Haiti, Dominican Republic, and New Zealand and its growth strategy that requires significant capital expenditures that have contributed to negative free cash flow over the past several years and is expected to continue in the near term.

The rating also reflects the political, regulatory, economic and competitive risks that it faces that have the potential to have a material impact on performance, according to the agency.

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